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Zhipu leads rally in Chinese AI stocks, surging 30%, as a wave of new releases hits market
Chinese artificial intelligence stocks rallied Thursday as several companies unveiled upgraded models and top policymakers renewed calls for a broader adoption of the technology.
Hong Kong-listed Zhipu AI — that trades as Knowledge Atlas Technology — surged nearly 30% to close at 405 Hong Kong dollars ($51.8), according to LSEG data, after releasing its GLM-5, an open-source large-language model with enhanced coding capabilities and long-running agent tasks.
The company said the model approaches Anthropic's Claude Opus 4.5 in coding benchmarks while surpassing Google's Gemini 3 Pro on some tests. CNBC could not verify those claims.
MiniMax saw shares in Hong Kong jump 13.7% to 70.5 Hong Kong dollars at close following Wednesday's launch of its updated M2.5 open-source model with enhanced AI agent tools, on its overseas website.
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